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THE good news continued to roll in over the week, with Malaysia being the latest economy from Asia to report an increasingly rosier outlook. While the numbers may not appear encouraging, particularly with a gross domestic product (GDP) contraction of 3.9% year-on-year (y-o-y) for the second quarter to June, they managed to beat market expectations.
PETALING JAYA: Shares of Lityan Holdings Bhd posted sharp gains for a second straight day, lifted by heavy speculation that the revamped firm's new status as a government-linked company (GLC) would put it in a better position, at least financially, to secure lucrative public contracts.
KUALA LUMPUR: Pelikan International Corp Bhd hopes to conclude a 45 million euros (RM227mil) cash deal to acquire a 66% stake in another German stationery maker, Herlitz AG, together with the firm's logistics centre and related assets located near Berlin, by the year-end.
KUALA LUMPUR: MIDF Research expects IJM Corp Bhd to post 9.7 per cent revenue growth year-on-year for the financial year 2010 on the back of strong billings on RM4.8 billion order book.
PETALING JAYA: It has become crucial for banks to maintain a strong impairment methodology and credit-risk grading system in line with Bank Negara's newly released set of guidelines on the classification of non-performing loans (NPLs) and the provisioning for loan impairment.